The SA SME Fund, the Department of Science and Innovation (DSI), along with its entity, the Technology Innovation Agency (TIA), and impact investor E Squared Investments have launched a R300 million Seed Fund of Funds aimed at providing critical early-stage capital to startups....
The SA SME Fund is pleased to announce the first close of our R1 billion Venture Capital Fund of Funds (VC FoF), with R600 million in commitments from investors. The VC FoF exceeded its First Close target of R500 million....
Today, the Gauteng Provincial Government, the Industrial Development Corporation (IDC) and the SA SME Fund launched the SMME Crisis Partnership Fund, a R300 million debt fund for small businesses based in Gauteng townships. ...
Adrian Gore: high-impact entrepreneurs create jobs quickly, and are not dependent on thriving economies to achieve growth. The South African economy and jobs market will reap the benefits if we are able to accelerate the growth and extend the reach of high-impact local entrepreneurs onto the...
University Technology Fund (UTF) has approved six investments since February 2020. For the first time in SA’s history, technology and innovation incubated in South Africa’s universities is being commercialised, creating a significant economic, investment and job creation opportunity for the country and elevating the country’s innovation...
In an effort to ensure small and medium sized businesses (SMEs) in South Africa survive the economic crisis, exacerbated by the COVID-19 pandemic, more than 50 large companies have formally committed to paying their SME suppliers in 30 days. The initiative, called #PayIn30, is spearheaded by...
PAPE Fund 3, the mid-cap South African private equity fund has announced the successful acquisition of 45% of the equity in the DDS Group of Companies, a leading African beverage dispensing and refrigeration services provider. The DDS Group of Companies provide beverage dispensing and refrigeration...
Entrepreneurs for Entrepreneurs Africa (E4E), a new venture capital fund aimed at building internationally successful companies grown by South African entrepreneurs, officially launches today. July 2020 – E4E, backed by a founding investment from the SA SME Fund, is unique as a venture capital fund in...
ProfitShare Partners provides disruptive alternative funding to SMEs that have a contract with a reputable company or government department to allow them to deliver on that contract. Johannesburg, 1 July 2020 – At a time when South African SMEs need it most, FinTech SME capital provider,...
The national lockdown to curb the spread of the COVID-19 virus has had a huge impact on the economy, and the jobs and the livelihoods of many South Africans....